2010-10-06zerohedge.com

``LANDESBANK ALLEGES FRAUD OVER GOLDMAN'S DAVIS SQUARE VI CDOS * LANDESBANK BADEN-WUERTTEMBERG SUES GOLDMAN SACHS OVER CDOS * LBBW IS GERMANY’S BIGGEST STATE-OWNED LENDER''


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Comments:

catherine at 07:09 2010-10-07 said:
this is THE STORY -

once this starts it will never end.................America is going to have to sue all these guys and act like they were snookered too to save the government from having to back-up and bail all these securities out around the world...............thought this would start happening a lot sooner...........

500 trillion in securitization, this is a where the real game is beginning and sadly there will be no winners except the lawyers.................and definitely not the American citizen.

we sold this cr--ap to all our own investment vehicles but when they got full we sold the cr--ap around the world..............we were still shuffling trillion dollar bags of mortgage backed securities to China in June of 07............when we knew they were worthless...........

the world is pis-sed..... Permalink

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